Crypto liquidations in the past 24 hours have been mixed as the market is struggling to find direction. Are conditions appropriate for a fresh all-time high? Back in December and January, when BTC made new highs, the post-election tailwind was still blowing hard.
Market conditions are quite different now as President Donald Trump has been pushing forward some aggressive trade policies that have threatened to derail the U.S. economy and have put the Federal Reserve’s monetary policy decisions on hold.
Despite these different conditions, market sentiment is supportive of an all-time high as the Fear and Greed Index sits at 68, which leans toward a Greedy market.
On January 20, when BTC reached $109K, the market’s attitude was actually neutral. So, conditions are even better at this point and have not yet reached extreme levels.
What Needs to Happen for BTC to Get to $140K?
For a few weeks now, we have been observing how one bullish historical pattern unfolds.
In our latest Bitcoin price prediction, we shared an ambitious target of $140,000 for the top crypto based on a strong buy signal that emerged after the 21-day exponential moving average (EMA) crossed above the 200-day EMA.
